MDA Wins $1.45M Military Satellite Contract
By Staff Writer | June 10, 2003
Canada’s MacDonald, Dettwiler and Associates [TSX: MDA] has been awarded the first phase of a multi-million dollar contract by an unidentified prime contractor in the United States to work on a military demonstrator satellite. The first phase of the contract awarded to MDA subsidiary MD Robotics is valued at US$1.45 million.
Commenting on the contract, MDA President and CEO Dan Friedmann said: “Our strategic plan is to expand from manned space markets into a number of new markets, including unmanned operations in space. This is our second key win in this field, after the Orbital Express project announced last year.”